Today was extremely bearish with 98.2% of today’s volume on the downside. However something very strange happened with some of my proprietary indicators that caused me to move to the sideline after the market close. It wasn’t a buy signal exactly, but it was an exit your short positions signal.

There…are you confused yet? Believe me, it surprised me because I thought with the severity of the selling my indicators would have deteriorated.

The bottom line for me is that I was happy how I’ve played the last 6 weeks and I didn’t want to be greedy. If you listened to me for that period you would have either been on the sideline or short, starting right at the end of April, and I feel that alone offered tons of value to all of you.

Should anything change on Monday I’ll keep you posted. Right now I’m officially on the sidelines, and completely zen…